Financed Project Responds to Demand of Rapidly Developing Industrial Corridor

Construction take-out financing to the tune of $35.9 million was recently arranged for an industrial project located in San Marcos, TX. The facility is home to a single-tenant owner/user focused on clean energy and sustainability on a long-term triple net lease.

The 130,000-square-foot manufacturing and research facility is positioned on a 100-plus acre parcel, offering significant opportunity for future development in the burgeoning industrial and logistics corridor. The parcel has the potential to yield more than 1 million square feet of light to heavy commercial and industrial use.

Malcolm Davies and Zack Streit of The Davies Group at George Smith Partners arranged the financing.

“This project responds to specific demands in a rapidly developing industrial corridor. We were able to identify a capital provider who not only recognized the development potential of the excess land in a booming market, but also accounted for the tenant’s long-term viability,” said Davies.

Davies and Streit along with Drew Sandler, Alexander Rossinsky, Aiden Moran, Brandon Asherian and Ben Tracy sourced the financing on behalf of the sponsor.